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the sink guegle biggest driver medicare. so if we don't make those tough decisions now, all we've done is a european style kick the can down the road and, you know, it's tough to cut entitlements and it's tough to cap deductions. austerity doesn't have to look like just taxing your way out of it. if you want to not work, you just tax your way out of it. >> i think we have to remember that this is politics and not economics going on here. that's the most important thing i think people have to remember. and we know we want more revenue and cut spending. that's why we have the problem to begin with. you have to accept that issue. le politicians aren't willing to accept that issue yet. both are at extremes. if you accept they're both at exseee extre extremes, how did we raise revenue. because the politics, not because of economics, they will not raise marginal rates. >> although we have heard some people say they would go along with that. >> i agree. the center is actually saying that. but i think -- so if the democrats know tha
the sink guegle biggest driver medicare. so if we don't make those tough decisions now, all we've done is a european style kick the can down the road and, you know, it's tough to cut entitlements and it's tough to cap deductions. austerity doesn't have to look like just taxing your way out of it. if you want to not work, you just tax your way out of it. >> i think we have to remember that this is politics and not economics going on here. that's the most important thing i think people have...
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what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding billions of dollars of savings by reducing overhead and other things like that. you've seen the unions come out and say they don't want to see any changes at all that would hurt payoffs to beneficiaries in terms of health care. that would be one of the sticking points between republicans and democrats. we would have to see more detail from boehner's office and how they plan to get to the number of $600 billion. >> broadly speaking, these numbers are similar to where they left it on the table last year during those failed negotiations f
what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding...
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this is a couple of days of operation for the federal government. 63 trillion deficit with medicare and social security between now and 2035. trillion with a t. >> big t. >> everybody is afraid to say no. to me, that the biggest risk. what keeps you up at night? >> keeping the investment pub lig and keep prague fegsal investors and people participating interested and confident under this market. right now whether you are in europe or the u.s., you don't have that opportunity. you are concerned about what the future has. we don't know what is going to happen going forward. >> as an invest over, are we living in a more risky environment now than ever? we grew up thinking america was the top of the world, best credit in the world, reserved currency. are things changing with regards to that? >> yeah, i think it is. i think the mind-set has changed. >> do you keep your money here or move it elsewhere. >> i think the u.s. is one of the most attractive places to invest in the world. it continues to serve us. i see the united states as being a great opportunity for invest many going forward and
this is a couple of days of operation for the federal government. 63 trillion deficit with medicare and social security between now and 2035. trillion with a t. >> big t. >> everybody is afraid to say no. to me, that the biggest risk. what keeps you up at night? >> keeping the investment pub lig and keep prague fegsal investors and people participating interested and confident under this market. right now whether you are in europe or the u.s., you don't have that opportunity....
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higher medicare spending, higher retirement spending, and especially something we have to get used to and we're going to have to bump up the share of the economy, that is, from the government because that's the way we're going to have to live if we want to take care of the elderly. mark, is that a reality? does that mean higher -- i'm sorry, lower long-term growth rates for the economy? >> well, yeah. i mean, two things. one is it's right that because of the aging of the population, all else being equal, government spending as a share of gdp will rise because as definition the elderly will be using medicare and social security. but that's not the biggest part of the increase in what's going on in medicare and medicaid and social security. it's really the growth in health care costs. so, if we can control that and bring that rate down, then we'll be fine. we'll be okay. but you're right about the economy. the broader economy. because in the aging of the population, and people retiring, the rate of growth in the labor force is going to slow. it already is slowing and the underlying grow
higher medicare spending, higher retirement spending, and especially something we have to get used to and we're going to have to bump up the share of the economy, that is, from the government because that's the way we're going to have to live if we want to take care of the elderly. mark, is that a reality? does that mean higher -- i'm sorry, lower long-term growth rates for the economy? >> well, yeah. i mean, two things. one is it's right that because of the aging of the population, all...
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if we want to truly save medicare and social security, we've got to do something about it. that's what republicans have been proposing all along. we want to solve a problem once and for all. and that's why we haven't waited -- it's interesting that we're just now talking about it. but back in july, we passed legislation that would freeze the rates, deal with sequestration, make the cuts that needed to take place in spend sog we wouldn't be at this dilemma in december at this time. the president was on the campaign trail then. we thought he'd get off the campaign trail now and stop politics and start focusing on policy. >> can i ask you one last one quickly. the original across the board spending cut for sequestration was i believe $1.2 trillion. >> yes. >> in the republican proposal, you all seemed to have $200 billion as some kind of substitute. what's going to happen to the other trillion dollars in spending cuts that people expected? >> well, we believe you take care of it right now for a couple years. we're looking to not just solve this problem overall. we want to have
if we want to truly save medicare and social security, we've got to do something about it. that's what republicans have been proposing all along. we want to solve a problem once and for all. and that's why we haven't waited -- it's interesting that we're just now talking about it. but back in july, we passed legislation that would freeze the rates, deal with sequestration, make the cuts that needed to take place in spend sog we wouldn't be at this dilemma in december at this time. the president...
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do we means test medicare? it is so much easier for grover who will be on cnbc, forget the fiscal cliff, i will come after you with both barrels. if you vote tax increase. what's more -- do they want to rise above a tax increase? no. do they want to rise above fiscal cliff? no. what they want it do is not rise above the radar screen of raising taxes. and grover is more powerful than a recession. i asked him point-blank on "meet the press," college chum, look, it doesn't have to be a recession. we cut the entitlements. what are the entitlements that need cutting. and let's get medicare part b off there. what is your plan? no one is speaking about the specifics. because it's third rail. it's just plain third rail. >> medicare is the key, no doubt about it. the rising medical costs and percentage of the budget that that will continue to take up. it is the key area, when you're looking at spending cuts. >> right. and there's $4 trillion added on during the republican period. much of it for the global war on terror.
do we means test medicare? it is so much easier for grover who will be on cnbc, forget the fiscal cliff, i will come after you with both barrels. if you vote tax increase. what's more -- do they want to rise above a tax increase? no. do they want to rise above fiscal cliff? no. what they want it do is not rise above the radar screen of raising taxes. and grover is more powerful than a recession. i asked him point-blank on "meet the press," college chum, look, it doesn't have to be a...
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the gop's ten year $2.2 trillion proposal raises the eligibility age for medicare up a couple years. it trims the cost of living increases for social security. and it brings in $800 million through tax reform. but it keeps bush era tax cuts in place for all taxpayers and that's something that the president says he will veto. a new player may be entering the takeover bidding for night capital. the journal reports that it's in you can takes to join vertu financial bid. virtu and get cco have offers o the table. and big lots reporting a loss of ten cents a share. full year profit forecast still above street consensus. >> let's take a look at the futures. at least at this point are indicated higher. dow futures up by about 13 points above fair value. s&p higher, as well. nasdaq up by 4. yesterday dow down low to 60 points. and you did see stocks close right near the lows of the day. dow and s&p 500 were down for the first time in four days. also take a look at what's happening in europe. we spoke with ross a little earlier and you can see that right now there are modest gains there. in f
the gop's ten year $2.2 trillion proposal raises the eligibility age for medicare up a couple years. it trims the cost of living increases for social security. and it brings in $800 million through tax reform. but it keeps bush era tax cuts in place for all taxpayers and that's something that the president says he will veto. a new player may be entering the takeover bidding for night capital. the journal reports that it's in you can takes to join vertu financial bid. virtu and get cco have...
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that leaves us for the right thing which is some tax increases and some cuts in long-term benefits, medicare, social security, and so on. >> in which case and i hate saying this because it obviously shoots ourselves in the foot. are you advocating turn off the tv, turn off the noise, keep your investment goals focused and don't listen to the vagaries of what's coming out of washington? >> i would not listen to the vagaries of what's coming out of washington nor would i listen to the vagaries of what goes on in the stock market. everything goes up and down each day. and today it's natural gas prices. and tomorrow it'll be something else and day after will be something else. if you could just discipline yourself as an investor. i'm speaking now to the individual investors of our k n count country. don't pay a lot of attention to the short-term noise. focus on the long-term. you'll save yourselves a lot of transaction cost. and just realize that in the markets out there, the financial system is a drag on market return. because we're trading with one another, for heaven's sake. trades don't happ
that leaves us for the right thing which is some tax increases and some cuts in long-term benefits, medicare, social security, and so on. >> in which case and i hate saying this because it obviously shoots ourselves in the foot. are you advocating turn off the tv, turn off the noise, keep your investment goals focused and don't listen to the vagaries of what's coming out of washington? >> i would not listen to the vagaries of what's coming out of washington nor would i listen to the...
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it includes patches to medicare formulas. patches to social security formulas. so this is a huge mess of issues. we're not even talking about those issues yet. congressional negotiators and the white house aren't talking about these huge host of other issues that are on the table. the thought is if they can get past tax rates and spending cuts, then they will be able to deal with the peripheral issues. but we don't have much time. if a deal isn't reached or a framework isn't reached in the next week or, so it's going to be a big problem. >> all right, thanks for that. good to see you. > >>> nokia -- we'll tell you more when we come back in a few moments. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this he pursuit of perfection. >>> a recap of the headlines today. the fiscal fight rages on in washington as the repub
it includes patches to medicare formulas. patches to social security formulas. so this is a huge mess of issues. we're not even talking about those issues yet. congressional negotiators and the white house aren't talking about these huge host of other issues that are on the table. the thought is if they can get past tax rates and spending cuts, then they will be able to deal with the peripheral issues. but we don't have much time. if a deal isn't reached or a framework isn't reached in the next...
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durbin, very close to the president, talking about the fact that he can live with means testing in medicare. that's number one. on senator mcconnell's list of things he'd like to see done. nancy pelosi is even talking about, you know, it's not about race. it's about revenue. it's about getting the money we need to reduce the deficit. so atmospherics are better. we've got a chance. >> it sounds a lot better. we also try and figure out what the plan actually looks like just in terms of the ratio of spending cuts to tax increases or revenue increases. and there've been a lot of people who've gone back and forth. it started out where we were probably closer to three to one back last summer. and i thought that was what simpson-bowles laid out. then i've also seen something that was circulating last week, suggesting that the simpson-bowles plan really called for a one-to-one ratio. is that true? >> no. what we did is, we took current policy at that time. current policy at that time and bush tax cuts from the top 2% expiring and we took that as the baseline, and then what we did is we reformed the
durbin, very close to the president, talking about the fact that he can live with means testing in medicare. that's number one. on senator mcconnell's list of things he'd like to see done. nancy pelosi is even talking about, you know, it's not about race. it's about revenue. it's about getting the money we need to reduce the deficit. so atmospherics are better. we've got a chance. >> it sounds a lot better. we also try and figure out what the plan actually looks like just in terms of the...
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why don't we say the rich get less social security and they pay more for their medicare? it meets the president's animus that we must get more money out of the rich. let's just send less money to the rich. i'm also willing to compromise on military spending. the only thing i'm not willing to compromise is to throw out facts, throw out common sense and say, oh, let's take more money out of the private sector and maybe the economy will do better. it is a really, really bad idea to raise taxes. i think he'll perhaps send us into another recession. >> you may be right, as a reagan supply sider, my heart and head are with you on this. but it doesn't seem you can get a deal that would avoid a big tax hike unless you get whatever cuts you can get plus a revenue increase. what do you think of mr. boehner's idea, cap deductions and get $800 million in revenues? does that make any sense. >> that's a tax increase. it's a bad idea. but i have yet another thought how we could fix this. why don't we let the democrats pass whatever they want. if they are the party of higher taxes, all t
why don't we say the rich get less social security and they pay more for their medicare? it meets the president's animus that we must get more money out of the rich. let's just send less money to the rich. i'm also willing to compromise on military spending. the only thing i'm not willing to compromise is to throw out facts, throw out common sense and say, oh, let's take more money out of the private sector and maybe the economy will do better. it is a really, really bad idea to raise taxes. i...
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do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, what it added the our entitlement is 12 trillion. just that we did in the last two years. or whenever it was. >> but in terms of where we are now in this negotiation, i believe that both sides in the final analysis want a deal and the compromise is in the revenue side for the president and potentially rates which i think he's serious on and real entitlement reform for the republicans and the american people, markets, business, confidence, the able to move forward in 2013 is all a function of doing both of the things you talk about, joe. having an agreement to avoid the debt, the fiscal cliff, and then having a down payment on actually getting the $4 trillion identified. >> howard dean is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be
do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, what it added the our entitlement is 12 trillion. just that we did in the last two years. or whenever it was. >> but in terms of where we are now in this negotiation, i believe that both sides in...
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the amount of present value of unfunded future medicare, medicaid, and government pension liabilities is $87 trillion. that $87 trillion is greater than the net worth of the $63 trillion net worth of the united states. that number grew by $7 trillion. any accountant would have to say the u.s. is not a going concern. these debts are being hidden, not being reported. and i don't understand why. >> well, charles, you always get me thinking. maybe i don't agree with everything you say, but today i think i pretty much agree with a lot of it. thank you for being our guest. carl, back to you. >> all right. rick, thanks so much. in a job market that seems to be stabilizing, there are industries that still can't find the workers they need. we're highlighting two of those industries and finding out why businesses are so desperate to hire right after the break. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop
the amount of present value of unfunded future medicare, medicaid, and government pension liabilities is $87 trillion. that $87 trillion is greater than the net worth of the $63 trillion net worth of the united states. that number grew by $7 trillion. any accountant would have to say the u.s. is not a going concern. these debts are being hidden, not being reported. and i don't understand why. >> well, charles, you always get me thinking. maybe i don't agree with everything you say, but...
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or you have dick durbin come out one day saying he wants hands off social security and medicare in the frame work. that's where people see the breakdown in compromise. >> i think about durbin who has taken more arrows than anyone as someone who has hung with simpson-bowles and gang of six and say entitlements have to be part of this mix. what i think we do need to put in place and one of the things that our plan did that simpson-bowles and others did was if you walk in a top line number, you can't unwind that in the dark of the night. any ability to break a budget cap would require a stand alone vote. a two-thirds majority in the senate. this would be unprecedented in terms of trying to put discipline back into budgeting which we have lacked from both sides. >> you think the gang of six or gang of eight to the extent we get tax reform next year will play an important role in that and will we default back to simpson-bowles with corporate tax rates going down? >> i believe and hope tax rates will go down. they all went down based upon a top rated 39%. we can get it done. the challenge, i
or you have dick durbin come out one day saying he wants hands off social security and medicare in the frame work. that's where people see the breakdown in compromise. >> i think about durbin who has taken more arrows than anyone as someone who has hung with simpson-bowles and gang of six and say entitlements have to be part of this mix. what i think we do need to put in place and one of the things that our plan did that simpson-bowles and others did was if you walk in a top line number,...
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the government to pay for medicare patients that they have. and many doctors say if that happens, they're going to have to drop medicare patients. that would be very bad news there. and the last thing again not many people are talking about is an estate tax increase. right now there's an exemption for taxes on estates $5 million and below. that would go down if we go off the cliff to $1 million. and the rate would go up 35% to 55%. so these are all very, very real world problems that will cost americans a lot of money out of their wallets if we go off the cliff beyond the big ticket items which are the spending cuts and those tax rates. >> yeah. a lot of consequences if we go over the cliff. what are you hearing, dana, if anything about actual negotiations, talks being resumed. >> reporter: we are told by a republican source that talks have resumed between at least on a staff level between the speaker's office and the white house. wolf, the fact that this is news that talks are happening at a staff level is really telling as to where we are ri
the government to pay for medicare patients that they have. and many doctors say if that happens, they're going to have to drop medicare patients. that would be very bad news there. and the last thing again not many people are talking about is an estate tax increase. right now there's an exemption for taxes on estates $5 million and below. that would go down if we go off the cliff to $1 million. and the rate would go up 35% to 55%. so these are all very, very real world problems that will cost...
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like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. >>> finally, president obama and house speaker john boehner broke their silence today, they actually spoke on the phone. >> not much came of it, and they are not any closer to coming to an negotiation. the administration is ready to go off the cliff if is comes to that. so let's talk about the politics involved with paul bigala. hello, gentleman, paul, you have the treasury secretary saying today they're absolutely prepared to go over the cliff if it comes to that if the republicans don't give on raising tax rates, isn't that a
like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and...
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it's medicare and medicaid that are out of control. what would you do about that. >> well, you've got to fix it. you've got to -- you've got to have entitlements on the table because entitlements are the biggest part of our spending problem. defense has to be on the table. everything has to be on table. you have to begin this any dpoesh yags by agrees there are knoll going to be any preconditions. even's going to be on the table. you have to also agree nothing will be decided until everything is decided. you also have to agree everything will be done in confidence and bhoofrd behind closed doors. it's extraordinarily difficult when you try to do it. it looks like the campaign is continuing. that's where we are today. we did social security totally plievt behind closed doors. >> so you think the way they're doing it is just wrong. >> i don't think they'll ever get this this way. they're jousting each other. each side is repeating its campaign talking points. you need to have a serious confidenti confidential, substantial negotiation by
it's medicare and medicaid that are out of control. what would you do about that. >> well, you've got to fix it. you've got to -- you've got to have entitlements on the table because entitlements are the biggest part of our spending problem. defense has to be on the table. everything has to be on table. you have to begin this any dpoesh yags by agrees there are knoll going to be any preconditions. even's going to be on the table. you have to also agree nothing will be decided until...
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it's medicare and medicaid that are out of control. >> yeah, you got it. >> what would you do about that? >> you got to fix it, you got to you got to have entitlements tochb table because entitlements are the biggest part of our spending problem. defense has to be on the table. everything has to be on the table. you have to begin this negotiation by agreeing that they're not going to be any preconditions. everything's going to be on the table, you ought to also have an agreement that nothing will be decided until everything is decided. you ought to also have an agreement that it will be done in confidence and behind closed doors. because it makes it exthe rec d extraordinary difficult when you try to do it -- we did social security totally privately behind closed doors. >> so you think the way it's being done by the white house and the republicans is wrong? >> i don't think they'll ever get there doing it this way, they're just jousting with each other and each side is repeating its campaign talking points. you need to have a serious, confidential substantial negotiation by the top level
it's medicare and medicaid that are out of control. >> yeah, you got it. >> what would you do about that? >> you got to fix it, you got to you got to have entitlements tochb table because entitlements are the biggest part of our spending problem. defense has to be on the table. everything has to be on the table. you have to begin this negotiation by agreeing that they're not going to be any preconditions. everything's going to be on the table, you ought to also have an...
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let's keep medicare... and social security strong for generations to come. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. home of the legendary grand prix circuit. the perfect place to bring the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the day not scraping some red paint off on these barriers. ♪ [ male announcer ] the all-new cadillac ats. plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health
let's keep medicare... and social security strong for generations to come. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using...
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are you okay with raising the eligibility for medicare going up from 65 to 67? 51% opposed that. >> big news yesterday coming out yesterday from senator deminut. >> this will give me the opportunity to help take our case to the american people and to translate our policies into real ideas. >> so you think you can be more influential within the conservative movement as the leader of the heritage foundation as opposed to a united states senator? >> there's no question about it. >> wow. paul what do you make of the timing of this? he's saying he could be more effective outside the senate. >> you know, advisers to the senator told me he always said he was only going to do two terms in the senate. the thing is his second term isn't up for another four years. this timing is interesting. i guess he was quietly, obviously, making a deal with heritage to go over there. demint is somebody that we all know that was a kingmaker over the last two election cycles, a kingmaker on the tea party side. he is probably the person responsible for getting five tea party-backed member
are you okay with raising the eligibility for medicare going up from 65 to 67? 51% opposed that. >> big news yesterday coming out yesterday from senator deminut. >> this will give me the opportunity to help take our case to the american people and to translate our policies into real ideas. >> so you think you can be more influential within the conservative movement as the leader of the heritage foundation as opposed to a united states senator? >> there's no question...
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they'll use euphemisms, but agree to cutting medicare and medicaid. and by the way, that means cutting for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. we can't even get the republicans to agree to that. >> we're out of time guys, nice to talk to you as always. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan will explain the fuss. that's coming up next. losing your chex mix too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. plays a key role
they'll use euphemisms, but agree to cutting medicare and medicaid. and by the way, that means cutting for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming....
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remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you thousands a year in out-of-pocket costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. . >>> happening now, a prank on the british royals takes a deadly turn. >>> sensitive secret service files left on a train. the stunning security breach. >>> and david axlerod takes it off, and challenges ool politician to do the same. >>> the radio djs behind a brprk on the british royals have blood on their hand. >> the nurse that first took the call at the hospital has apparently committed suicide. here is what the hospital is saying. >> we can confirm that she was recently the victim of a hoax call to the hospital. the hospital had been supporting here through this very difficult time. she was a first class nurse who cared for hundreds of patients during her time with us. everyone is shock and loss of a loved colleague. >
remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you thousands a year in out-of-pocket costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. . >>> happening now, a prank on the british royals takes a deadly turn. >>> sensitive secret service files left on a train. the...
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let's keep medicare... and social security strong for generations to come. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. and she was looking for a laptop at best buy. let's see if walmart has a similar laptop for less. let's go. dell 14" ultrabook. over $250 less than best buy. $250??!! with 2 gigs more memory! oh my gosh! and -- you get a $100 gift card. wow! chaching. see for yourself if you could save on the laptops you want. [ earl ] get this season's hottest brands -- like the dell ultrabook and receive a $100 gift card and when you make an electronics purchase of $599 or more on your walmart credit card, get no interest if paid in full within 24 months. america's gift headquarters. walmart. >>> welcome back. part of an ongoing series, cnn has taken a closer look at what it means to be black in america today. soledad o'brien went in search of some answers to some of the most pressing, provocative answers such as what dete
let's keep medicare... and social security strong for generations to come. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. and she was looking for a laptop at best buy. let's see if walmart has a similar laptop for less. let's go. dell 14" ultrabook. over $250 less than best buy. $250??!! with 2 gigs more memory! oh my gosh! and -- you get a $100 gift card....
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and paul ryan doesn't want to be the grinch that stole medicare. paul ryan is standing there right now. what do you think? are these guys going to succeed? are they the future? >> if i was paul ryan, i would want to be something else. if i was selected vice president and i got slaughtered in my -- and my candidate got slaughtered in my home state, i would be looking to have a makeover also. i don't blame him. i think that senator rubio could run on anything he wants. i agree. if he wants to run on economic expertise, perceived economic expertise, it's a good thing for him to do it. he should do that. it's apparently what he believed before. if he wants to change his mind, that's his business too. i don't fault any of these guys. and 2016, the political commentators, the more politics, the better it is. >> looks like we're starting tonight, james ryan. >> yeah, all for it. he's great. >> this is actually a really interesting development, in my view. i think if you're looking at paul ryan, one thing you hear from folks in the ryan camp, is that he wa
and paul ryan doesn't want to be the grinch that stole medicare. paul ryan is standing there right now. what do you think? are these guys going to succeed? are they the future? >> if i was paul ryan, i would want to be something else. if i was selected vice president and i got slaughtered in my -- and my candidate got slaughtered in my home state, i would be looking to have a makeover also. i don't blame him. i think that senator rubio could run on anything he wants. i agree. if he wants...
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such as social security, health and human services, medicare, medicaid and defense. each one of these accounts for more than $700 billion in spending. so yeah, if you could find a way to somehow chop about 25% out of each program here, you'd get real savings. about half a trillion dollars. doing that would be unbelievably tough. the simple truth is some of them are protected from cuts. social security is something that democrats and republicans alike have been very afraid to go after. the social programs are very much protected by democrats. and the republicans are equally protected of defense. that's why these talks are so tough. the simple truth is, every program in this room has constituents who will fight tooth and nail to hold on to the funding. but there is this, if no deal is struck, and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room. that, wolf, is going to lead a lot of voters, democrat and republican, unhappy. >> tom foreman. dramatic way of explaining wha
such as social security, health and human services, medicare, medicaid and defense. each one of these accounts for more than $700 billion in spending. so yeah, if you could find a way to somehow chop about 25% out of each program here, you'd get real savings. about half a trillion dollars. doing that would be unbelievably tough. the simple truth is some of them are protected from cuts. social security is something that democrats and republicans alike have been very afraid to go after. the...
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this season, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. t
this season, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. i have obligations. cute tobligations, but obligations.g. i need to...
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unitedhealthcare. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. >>> what began as an altercation between two men on a new york subway platform, minutes later, one of them was dead, hit by a subway. coming up, the shocking photos of the victim after he was pushed on to the tracks. the question tonight, why didn't anyone help try to lift him off the tracks? weelg -- we'll talk it over with dr. drew pinsky. [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. pinsky. i cannot believe i have ended the day not scraping some red paint off on these barriers. ♪ [ male announcer ] the all-new cadillac ats. >>> a violent showdown outside egypt's presidential palace. police firing t
unitedhealthcare. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. >>> what began as an altercation between two men on a new york subway...
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but led's look at the medicare argument. if you're a single man born in 1945, that means you're approaching 70, on medicare. if you made about $20,000 a year during your career, that was your average, then in medicare taxes, you paid about $18,000, roughly $18,000 to $20,000 in taxes. if you made about $110,000 a year in your career, you paid about $88,000 to the government in medicare taxes. that's what you paid in. a lot of conservatives are saying you need to change the program. this is one of the reasons why. this is what you get out. if you paid $18,000, you're getting ten times out over the course of your lifetime in benefits. you paid about $88,000 in, you're getting a 2-1 deal, more than $200,000 in benefits. so conservatives and republicans say we've got to change this program somehow. we have to take some money out of medicare, reduce the costs. here's one of the reasons that's essential. if you look through the '70s, '80s, '90s, even up to now, the green is the revenue, the red line is the cost. roughly the money
but led's look at the medicare argument. if you're a single man born in 1945, that means you're approaching 70, on medicare. if you made about $20,000 a year during your career, that was your average, then in medicare taxes, you paid about $18,000, roughly $18,000 to $20,000 in taxes. if you made about $110,000 a year in your career, you paid about $88,000 to the government in medicare taxes. that's what you paid in. a lot of conservatives are saying you need to change the program. this is one...
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like all standardized medicare supplement plans, it helps cover some of what medicare doesn't pay. to find out more, call today. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to suppor
like all standardized medicare supplement plans, it helps cover some of what medicare doesn't pay. to find out more, call today. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see...
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so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. >>> absolutely confusing jobless numbers released today. unemployment dips to its lowest levels in four years, but we should be careful not to read too much into the jobs numbers. i'm ali velshi. this is your money. the labor d
so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your...
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and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in the country. best of all, you'll be joining the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. ♪ remember, all medicare supplement insurance plans help cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. you'll be able to choose any doctor or hospital that accepts medicare patients. and you never need referrals. so call now to request a free decision guide and learn more. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> some movement within the past couple of hours in a strike that co
and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in the country. best of all, you'll be joining the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. ♪ remember, all medicare supplement insurance plans help cover some of what medicare doesn't...
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get to holiday fun faster of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. >>> time for the ridiculist. i'm proud to present to you a very important message from the esteemed former senator, highly respected elder statesman directed to the youth of america. >> stop instagraming your breakfast and tweeting your first world problems and getting on youtube so you can see "gangnam style." ♪ gangnam style >> normally i would say when former senator allen simpson does it, it probably means "gangnam style" -- but the soda saves it. gives it a fresh twist. and there's more. >> start using those precious social media skills to go out and sign people up on this, three people a week. let it grow. don't forget, take part or get taken apart
get to holiday fun faster of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. >>> time for the ridiculist. i'm proud to present to you a very...
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we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could affect the money, the checks that social security recipients in particular get every single month because it effectively changes inflation so it changes the formula from what they would get. >> significant differences between the white house proposal on this part of the equation as well as on the tax equation. the politics behind this latest republican counterproposal, are they just going through the motions of having their opening bargaining positions knowing that both sides are going to have to make concessions. >> reporter: the answer to that is yes. everybody knows that everybody is going to
we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could...
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was taken out of medicare to begin obama care. so right there, you know, from a management standpoint, why would you reduce money from something that's going broke? the other thing that we need to understand is that tax rates are going up on january 1 within obama care. so we're talking about almost a trillion dollars of increases in taxes and fees. >> let's not talk about the democrats for a moment. let's not even talk about what the president's put on the table. let's talk about the republicans. give me specific cuts that republicans would be behind. because we're really short on specifics from the gop. lay out for me, here's what we're willing to cut in terms of entitlements. put it on the table. >> look, there's been a plan in terms of indexing the increases. we are going to have to find a way to reduce the gap between how much medicare costs per person and how much we pay. because it's not going to last. it's going to go broke. >> so let me bring in nan for a second, then. forgive me for cutting you off. tick off for me. as y
was taken out of medicare to begin obama care. so right there, you know, from a management standpoint, why would you reduce money from something that's going broke? the other thing that we need to understand is that tax rates are going up on january 1 within obama care. so we're talking about almost a trillion dollars of increases in taxes and fees. >> let's not talk about the democrats for a moment. let's not even talk about what the president's put on the table. let's talk about the...
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just go on polling, right, but polling is also -- you ask people what should be cut, 79% say don't cut medicare at all and i think that lots of things, democrats and republicans have said, that is on the table too. you don't always necessarily follow the polls when you listen to the president who was on bloomberg yesterday, here's what he said about meeting with speaker boehner. let's play that. >> speaker boehner was here at the white house last night for a christmas party. the two of you didn't even speak. what's it going to take to get the two of you in a room to hash this out? >> well, speaker boehner and i speak frequently and, you know, i think the issue -- >> when will the two of you sit down in a room? >> you know, i don't think that the issue right now has do with sitting in a room. >> so, essentially stephanie, is the scenario this, the tax cuts will expire so the tax cuts -- the taxes are going to go up on everybody, right? the fiscal cliff, you go over the cliff, the taxes go up for every single person. is the plan then if you do a deal for taxes on the middle class, then de facto t
just go on polling, right, but polling is also -- you ask people what should be cut, 79% say don't cut medicare at all and i think that lots of things, democrats and republicans have said, that is on the table too. you don't always necessarily follow the polls when you listen to the president who was on bloomberg yesterday, here's what he said about meeting with speaker boehner. let's play that. >> speaker boehner was here at the white house last night for a christmas party. the two of...
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medicare is solvent until 2024. you think where we're at, i know as i listen then the question would the republicans get anything, i don't even want to use the word conceding coming together on behalf of the american people where 62% believe on november 6th when the race was over the vote was really on whether or not should be a fair tax burden on those --. melissa: i'll give that to you. let's go ahead and raise taxes. say we do that. that doesn't get us close to solving the problem. i mean we still have $16.3 trillion in debt. we are still running $4 billion a day beyond what we're making. we this huge problem in this country. if it was a house you would throw uppyour arms in distress say, my god, we can never pay all these bills. that is sort of the point. >> i'm not in distress on that. first of all with the tax rrlief for 98% of the americans, we'll turn a reasoned amount of a trillion upwards back into the treasury. that is the first step. secondarily, a lot of economists will make it very clear that at a time
medicare is solvent until 2024. you think where we're at, i know as i listen then the question would the republicans get anything, i don't even want to use the word conceding coming together on behalf of the american people where 62% believe on november 6th when the race was over the vote was really on whether or not should be a fair tax burden on those --. melissa: i'll give that to you. let's go ahead and raise taxes. say we do that. that doesn't get us close to solving the problem. i mean we...
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savings we already have in medicare. melissa: i would love for both of you to come back. we have to do more in depth. you're fantastic. >> thanks for having me. melissa: here is the question of the day. could have done that the whole show. do you support higher taxes on cigarettes, alcohol and online gambling to reduce the deficit? we want to hear what you think. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitr at melissaafrancis. >>> egyptian presint morsi attempts to restore order on cairo streets. protesters respond with molotov cocktails. has he lost control? details coming up next. >> military wants to spend more dollars on renewable energy. senator james inhofe says they're dumping taxpayyr dollars overboard. i hate that. do i ever have too much spending. i certainly do you stl think you're colder than me? nah. don tell me. tell tiny! [ ice crackling ] [ knuckles cracking ] and who are you supposed to be, back-up? handle it. what u looking at? ha! cat-like reflexes... whoa! [ male announc
savings we already have in medicare. melissa: i would love for both of you to come back. we have to do more in depth. you're fantastic. >> thanks for having me. melissa: here is the question of the day. could have done that the whole show. do you support higher taxes on cigarettes, alcohol and online gambling to reduce the deficit? we want to hear what you think. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitr at melissaafrancis. >>> egyptian presint...
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mostly due to increases in health-care spending in medicare and medicaid. the white house has $600 billion in various cuts and fee increases on the table. house republicans are offering 1.4 trillion in kosovo or spending increases. democrats argue cutting spending to quickly will further hit the economy. connell: we love when you go all congressional jargon on us. rich edson. [talking over each other] connell: he was on top of things. dagen: holy segments, batman. how much would you pay to own the original batmobile? i just read what they write. not really, but i did it that time. connell: our very own key crusaders dennis and cheryl are coming up. it is that time. we will be right back. ♪ switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospe
mostly due to increases in health-care spending in medicare and medicaid. the white house has $600 billion in various cuts and fee increases on the table. house republicans are offering 1.4 trillion in kosovo or spending increases. democrats argue cutting spending to quickly will further hit the economy. connell: we love when you go all congressional jargon on us. rich edson. [talking over each other] connell: he was on top of things. dagen: holy segments, batman. how much would you pay to own...
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would save the country billions and not have to affect the gneral public and their social security and medicare. dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired th big shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
would save the country billions and not have to affect the gneral public and their social security and medicare. dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic...
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and become the first and only national medicare advantage company achieve a 5-star rating for a medicare plan... your efforts result in the quality of ce and service we're able to provide... which means better heah outcomes... and more quality time to share with thenes who matter most. i lovyou, grandma! [ male announcer ] humana. ♪ >> all the people who are supposedly anti-gun, they have come and attack me personally. they have worse violence upon me . i don't understand if you are against us how you can be pro that. stuart: that was an hour last hour, discussing dozen the constitution. remember to tune in weekday mornings. check the market real fast. a five day to my down 11 to my downtown. i do want to go back to nicole. we just reported that starbucks is down 1500 more coffee shops in the united states of america. i'm sure that the tip your interest. stuart: and it will be 3,000. talk about the expansion and plans for the people. i want to show you what i bought today. there was $9.54. stuart: that is pathetic. that is disgraceful. >> reporter: this is my meal. you bought a bottle
and become the first and only national medicare advantage company achieve a 5-star rating for a medicare plan... your efforts result in the quality of ce and service we're able to provide... which means better heah outcomes... and more quality time to share with thenes who matter most. i lovyou, grandma! [ male announcer ] humana. ♪ >> all the people who are supposedly anti-gun, they have come and attack me personally. they have worse violence upon me . i don't understand if you are...
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and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your effos result in the ality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it'sike it just hits you fast. you know, you start thinking about what's really importantere. ♪ >> i'm robert gray with your fox business brief. oracle is accelerating the payment of 3/4 worth of dividends of 18 cents a share. the largest shareholder larry ellison recused himself from the board's decision by will collect $200 million payout. by moving payments up to 2012, ellison will save 56.5 million bucks in taxes. >> general motors is having production of chevy cruze in ohio because of supplier issue. the automaker wouldn't give specifics but only said they would restart production as quickly as possible. >>> automaker ford is re
and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your effos result in the ality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it'sike it just hits you fast. you...
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and become the first and only national medicare advantage company to achieve a 5-star rang for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better healtoutcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ [ male announcer ] humana. i have obligations. cute tobligatis, but obligatio.oming. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of yr portfolio. find out why 9 o of 10 large professional investors choose ishares for their etfs. ishares by blackrock. ca 1-800-ishares for a prospectus which iludes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. liz: let's go off the desk. uber-popular tim tebow is back in play. not as a starting quarterback of the jets but looking to score big for tivo as their new brand ambassador. ceo tom rogers signing tivo as the company's newest spok
and become the first and only national medicare advantage company to achieve a 5-star rang for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better healtoutcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ [ male announcer ] humana. i have obligations. cute tobligatis, but obligatio.oming. i need to rethink the core of my portfolio. what i really need is...